Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $22.6 billion in assets under management as of Dec. 31, 2024, announced it has completed its acquisition of Carlson Capital Management, LLC (CCM), a Northfield, Minnesota-based investment advisory firm with $3.8 billion in client assets as of Dec. 31, 2024.
The acquisition of CCM adds internal tax planning and preparation services to Sequoia Financial, expands its national presence, and brings its total number of employees to 385 and wealth advisors to 150. With CCM’s four Minnesota locations, Sequoia Financial now has 34 offices in 19 states.
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Gregory Carlson and Jeffrey Carlson, CCM co-founders, are now senior strategic advisors. Justin Stets, previously CEO for CCM, is now executive vice president of integrated wealth services for Sequoia Financial, reporting to Tom Haught, CEO.
“We are pleased to finalize our agreement and welcome CCM’s talented team to Sequoia Financial,” Haught said. “Our combined capabilities, including CCM’s integrated wealth and tax services, will benefit clients as we continue to expand our offerings and footprint.”
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Since 2023, Sequoia Financial has made nine acquisitions, including Zeke Capital Advisors, Cirrus Wealth Management, Affinia Financial Group, M Capital Advisors, AltruVista, Karpas Strategies, Family Asset Management, and Eide Bailly Wealth.
Sequoia Financial offers services to clients across the wealth continuum. Sequoia Financial has been serving high net worth individuals and families since 1991 and launched Sequoia Sentinel in 2023 to expand its family office services. These tailored services include asset management, tax management, wealth transfer, asset transactions, and charitable planning to meet the challenges inherent to generational wealth. Sequoia Financial has grown organically and through acquisitions to expand its services and geographic footprint.
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Source – PR Newswire
